wal-mart healthcare posts

Feed

Woman settles over brain damage causing accident, but Wal-Mart gets the money

This is one of the most despicable, inhumane stories I've seen about Wal-Mart (NYSE: WMT) in awhile, courtesy of (subscription required) the Wall Street Journal.

Basically, a woman was left with permanent brain damage at the age of 45 after an accident with a semi-trailer truck. She was recently awarded a $700,000 settlement but then her employer, Wal-Mart, sued her for the money to reimburse itself for the money it spent on her medical costs.

I'm not a lawyer. I don't know about the legality here, but think about this: this poor lady's husband has to work two jobs now, and she is left alone in a nursing home far more than he would like her to be. And it's all because Wal-Mart needed $700,000 to recoup what it spent on an employee's medical care. Wal-Mart made $11,284,000,000 in fiscal year 2007. This lady is spending time alone in a nursing home so the company could recoup $700,000.

At the very least, this is more horrible PR for Wal-Mart, and we shouldn't let them get away with it. Wal-Mart needs to learn that treating people badly is no way to boost the stock price.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 02:05 PM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329073532607 ms.